Set & Forget Investment in a blue-chip Gold Coast location.
✓ Location: Gold Coast, QLD
✓ Annual Net Rent: $41,400Net + GST + Outgoings
✓ NLA: 130m2 + 2carspaces
✓ Lease Term: 3-year lease to 2025
✓ Increase: 3.5%
✓ Tenant: established local Music business
Client Comments:
We chose Propertybuyer based off recommendations from the Barefoot Investor Facebook group. We were looking for a commercial property to manage within our SMSF and had absolutely no idea of what would be a good purchase or how to make this happen! Alberto was fantastic to work with, he made it a smooth process right from the beginning. He educated us on what would make a good investment and what he would be looking for. He was clear from the beginning that the property we were after in the budget we had would be a bit trickier to find so was clear about a timeframe expectation. He stayed in contact regularly and presented us with suitable properties. Unfortunately, we missed the first opportunity, but we got in on the second! He has made this process very smooth and stress free and I would absolutely recommend Alberto from Property Buyer for anyone looking for a Commercial/Industrial investment. We hope to see him again in the future as we build our portfolio!
Client - Kristen
buyers advocate comments:
Kristen & Mitch are a SMSF buyer who approached us to source their first Commercial Investment property. They were looking for a low maintenance set & forget investment to build a larger property portfolio. With low stock of quality tenanted investments below $1m across the Eastern seaboard we extended the radius to from Sydney, through Gold Coast and Brisbane. During the search process we identified only few opportunities that were getting snapped up by cash buyers. Using my network of contacts and Agents, I uncovered an ideal off-market quality Industrial warehouse in the tightly held Burleigh Heads Gold Coast suburb. The property features a new 3year lease to a local established Tenant, with strong 3.5% annual increases providing a low-maintenance, stable and secure income to our clients. We managed to persuade the Vendors to accept our conditions and price $50,000 below their expectations for this great asset and conducted extensive DD prior to exchange. Kristen & Mitch are thrilled with the result and we trust this commercial asset acquisition will greatly benefit the future of their property portfolio.
Alberto Da Grava
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